Navigation Links
QMed, Inc. Receives 2-Year Extension of Medicare Coordinated Care Demonstration Project by CMS
Date:4/7/2008

EATONTOWN, N.J., April 7, 2008 /PRNewswire-FirstCall/ -- QMed, Inc., (Nasdaq: QMED) today announced it has been granted a two year operating extension from the Centers for Medicare and Medicaid Services (CMS) for its Medicare Coordinated Care Demonstration (MCCD) project in Northern California.

In 2002, The CMS selected 15 sites for a pilot project to test whether providing coordinated care services to Medicare fee-for-service beneficiaries with complex chronic conditions can yield better patient outcomes without increasing program costs.

In 2006, the pilot project was extended by CMS for an additional 2 years to QMed and 10 other sites to allow time for further data analyses (4 sites were discontinued).

In December 2007, CMS completed the review of the 4-year evaluation data. As only 3 of the 11 operating sites showed a potential for budget neutrality, CMS offered an extension to QMed (and the 2 other potentially budget neutral sites) for 2 more years to allow further study of the respective programs. The remaining 8 sites will be terminated as scheduled in 2008.

Jane Murray, QMed's president and CEO, said, "Given the political and fiscal sensitivity associated with rising health care costs in the Medicare population, rigorous analysis of randomized trials for coordination of care in the chronically ill is a National mandate to be certain that such approaches are cost-effective and produce quality outcomes. The MCCD pilot, the longest studied randomized Medicare trial of its type, has demonstrated that certain approaches are not cost effective, while others, such as QMed's, may very well be cost effective. Given our proprietary clinical rules engine and unique community-based, provider-facing approach to care coordination, we are very pleased with our outcomes to date and are honored to be one of the three remaining sites selected by CMS. As care coordination of today's Medicare population is so vital to the future of our industry, we look forward to working with CMS in the MCCD and possible future demonstration projects in the years to come."

About the Medicare Coordinated Care Demonstration

MCCD is one of the first studies of chronic care coordination under fee- for-service Medicare. It was designed to test whether care coordination services can lower costs, increase patient satisfaction and improve quality of care for Medicare Beneficiaries with chronic illnesses.

The coordinated care demonstration was authorized by Section 4016 of the Balanced Budget Act of 1997 (BBA). The BBA requires that the projects target chronically ill Medicare fee-for-service beneficiaries that are eligible for both Medicare Parts A and B.

About QMed, Inc.

QMed has developed evidence-based clinical information management systems for use by health plan customers. The QMed systems incorporate Disease Management services to patients and decision support to physicians. The Company's subsidiaries have specialized in serving high-risk populations of Medicare beneficiaries.

Except for historical information contained herein, matters discussed in this news release are forward-looking statements that involve risks and uncertainties. They include but are not limited to those relating to the timely implementation of programs, the impact of business and operational conditions, competitive product introductions, acceptance and pricing, and those risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). Actual results may differ materially from any forward- looking statements due to these risks and uncertainties.

Contact: William Schmitt, QMed, Inc. - 732-544-5544 x1112


'/>"/>
SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine technology :

1. Thermo Fisher Scientific Receives FDA Clearance for MRSA Test Medium
2. Vical Receives NIH Grant for an Immunotherapeutic Herpes DNA Vaccine; Herpes Experts at University of Washington and University of Texas to Conduct Preclinical Development
3. DermaGen AB Receives Over 1 Million Euros From a New Share Issue
4. PLC Systems Receives FDA Approval to Commence Pivotal Study Of RenalGuard(TM) In the U.S.
5. Diamyd(R) Diabetes Vaccine Receives Approval to Start Phase III Trials in Europe
6. Microbicide Developer Receives License for Novel HIV Microbicide Candidate From Merck & Co., Inc.
7. Florastor(R) Receives ConsumerLab.com Certification
8. DuraHeart(TM) LVAS Receives Conditional Approval for US Pivotal Trial
9. Vermillion Receives Award From the Society of Gynecologic Oncologists
10. Arbios Receives Conditional Approval from the FDA to Initiate Pivotal Clinical Trial for SEPET(TM)
11. ActivBiotics Receives Orphan Drug Designation from the European Medicines Agency for Superoxide Dismutase Mimetic, M40403, in Oral Mucositis Indication
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/17/2017)... -- In a letter to President-elect Donald J. Trump ... AARP,s priorities for Americans age 50 and older including ... health care coverage, and lowering the cost of prescription ... President-elect Trump that "Our nearly 38 million members nationwide ... protect their Medicare and Social Security benefits, protect their ...
(Date:1/17/2017)... , Jan. 17, 2017   Anesthesia ... billing and practice management for the anesthesia and ... marijuana, which remains a "clinical conundrum" (as described ... chronic pain practitioners to think carefully before recommending ... 395-page report by the National Academies of Sciences, ...
(Date:1/17/2017)... NEW YORK , Jan. 17, 2017 ... clinical stage biopharmaceutical company, announced today that it will ... International Symposium on Acute Leukemias (ISAL) XVI in ... symposium is entitled:  "Reinforcing the Efficacy of Immunotherapy for ... will take place on Monday February 20 th , 2017 ...
Breaking Medicine Technology:
(Date:1/17/2017)... CO (PRWEB) , ... January 17, 2017 , ... ... protection and financial planning assistance to families and business professionals throughout central Colorado, ... to regional homeless families. , The Aurora Warms The Night organization is committed ...
(Date:1/17/2017)... ... January 17, 2017 , ... ... survivor Sandra Lee as keynote speaker for the 34th Annual Miami Breast Cancer ... making the announcement, PER® president, Phil Talamo, said, “We are delighted to have ...
(Date:1/17/2017)... ... January 17, 2017 , ... Today, FloSports , a global ... a new agreement as part of a long-term extension of their media partnership. The ... airing of some of the sport’s premier events exclusively on FloWrestling.com as well as ...
(Date:1/16/2017)... ... January 16, 2017 , ... California Southern University has named Dr. ... CalSouthern’s Board of Trustees and as a core faculty member, teaching master’s and doctoral ... professor of psychology at Pepperdine University, where he earned his Doctor of Psychology degree ...
(Date:1/16/2017)... ... January 16, 2017 , ... Anybody who may be looking for ... new video released by Serenity Recovery, a holistic treatment center for addiction located in ... features footage and testimonials from patients and staff that visited the 2016 Recovery Palooza ...
Breaking Medicine News(10 mins):